What's Wrong With America: The Liberal-Progressive Version

Excerpt:  It’s important to know what we’re up against. The Sunday, December 16, 2007, edition of the New York Times carries a review of Robert Kuttner’s The Squandering of America: How the Failure of Our Politics Undermines Our Prosperity.The reviewer, Harry Hurt III, summarizes the author’s views:“The potential of our economy to underwrite a society of broad prosperity is being sacrificed to financial speculation,” Mr. Kuttner declares in his new book’s opening chapter. “The winnings are going to a narrow elite, jeopardizing not only our broad prosperity but our solvency. In less than a decade, our government budget, gutted by tax cuts, has shifted from endless projected federal surpluses to infinite deficits. Our trade imbalances and financial debt to the rest of the world have grown from a modest concern to levels that could produce a crash.” Read More